The word Ruby derives from the Latin term "Rubeus",meaning the red. Question: Rubies of a top quality are morerare and more valuable than Diamonds?Hardly a month has passed in the last 60 years withoutnew Diamond deposits being discovered - somethingthat definitely cannot be said about Rubies,which are mined only in a handful of locales worldwide!So enchanted were the ancient Hindus by Rubies, theyconsidered them to be "Ratnaraj", or the "King of Precious Stones".